400 Kendrick AveGillette, WY 82716

Property Details for 400 Kendrick Ave

Year built

1979

Lot size

0.32 AC

Property size (Sq ft)

12,000 SF

Property type

Office buildings

APN

R0002158

APU

R0002158

Description

This exceptional three-story executive office building presents a fantastic investment opportunity in the heart of downtown Gillette, Wyoming. Located at 400 S Kendrick Ave, 82716, this property boasts a substantial 18,000 square feet of office space, meticulously divided into multiple suites catering to diverse business needs. Each of the three floors offers 6,000 square feet of usable space, providing flexibility for various configurations. Built in 1979, the building sits on a 0.32-acre lot (approximately 13,939.20 square feet), featuring a paved parking lot for convenient access. The property is zoned R-4, offering potential for a range of uses. The building's prime downtown location provides excellent visibility and accessibility, making it an ideal investment for both established businesses and new ventures. Detailed information regarding the building's specifications was obtained from the Campbell County Assessor's office. This is a rare opportunity to acquire a substantial, well-located office building in a thriving Wyoming community. The asking price for this turnkey property is $2,200,000. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $2,733,849

  6.5%

  $2,523,553

  7%

  $2,343,299

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,009,135

  Geo Method

  $991,440

• Alternative Use

  Use

  Valuation

  Residential

  $3,129,206

  Hospitality

  $2,866,336

  Educational

  $2,384,758

  Medical

  $2,466,773

  Retail

  $3,709,623

Location Insight

City

Gillette

County

Campbell

State

Wyoming

Latitude

44.291

Longitude

-105.503

CBSA code

23940

CBSA name

GILLETTE, WY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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